1402 Spring LnSanfordNC27330
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Sanford at 1402 Spring Ln, Sanford, NC, 27330 generates $2,130/mo in rent and, after a $1,615/mo payment, leaves $27/mo in cash flow. Total monthly income is $2,130/mo, and annual cash flow is $329/yr on $109,395 invested. Return on cash invested sits at 20.21% in year one, and rental yield is 7.75% on a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 104.72% and total cumulative return in cash sums $114,563. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,130/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27330, Sanford, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,198 (100%) |
| Owner Occupied HU | 10,415 (57.2%) |
| Renter Occupied HU | 6,168 (33.9%) |
| Vacant Housing Units | 1,615 ( 8.9%) |
| Median Home Value | $275,559 |
| Average Home Value | $309,420 |
Housing Distribution
Address Breakdown
Residential
16,975
Single Family
14,826
Multi-Family
2,149
Businesses
1,296
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Listed by: Angie Cole • LPT Realty LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10112525
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.